Market Strategy - ETFs impact on the VNIndex may be overstated
  • 2011-01-26T00:00:00
  • Strategy
The VNIndex performed “strangely” in 2010, at least compared to the Hanoi Index. In the past, both indices would move practically hand in hand. Statically, the average weekly covariance, which measures the degree to which returns on the two indices move in tandem, from 2006 to 2009 was relatively high at 33.49 points.